Estonian Electricity Prices to Rise 6% From August, Utility Says
This article is for subscribers only.
Estonian electricity prices will rise an average 6 percent for consumers from August after state-owned utility Eesti Energia AS won approval to raise grid fees to fund investments.
Prices will rise because the company needs to invest 300 million euros ($438 million) through 2014 to upgrade the aging power grid and make it less vulnerable to bad weather, the Tallinn-based company said in an e-mailed statement today. The number of electricity outages per household will decline an average 20 percent during the period, it added.